Are you on the right side of United States Durable Goods Orders MoM news event?

Based on the last 12 Durable Goods Orders MoM events in United States, we expect EURUSD to trend downwards later today. Based on these past events there is a 83.33% chance of this. We expect EURUSD to trend downwards 48 hours following the event release at 21 Dec 13:30 if the released value is < 1.6%. A price movement of 51 pips is expected.

Historical events that allowed us to draw this conclusion

21 Nov 13:30
26 Jul 13:30
25 May 13:30
27 Feb 13:30
22 Dec 13:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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